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News  |  Magnolia Tribune  • 
April 19, 2016

Tax cut package passes Mississippi House, Senate

Lawmakers slash budgets, borrow, cut taxes The tax cut deal, starting in 2018, would begin phasing out the corporate franchise tax over 10 years and cost $260 million, and the 3 percent individual income tax bracket over five years, eventually costing $415 million. For the fiscal 2017 budget lawmakers continued to set on Monday, the…
News  |  Magnolia Tribune  • 
April 19, 2016

AG Hood pens op-ed calling Legislature ignorant, irresponsible over not doing what he suggests

Attorney General Jim Hood: Legislative leadership is being irresponsible The lieutenant governor of Mississippi has decided that huge tax cuts in the face of equally large reductions in a dwindling state budget make sense for our citizens. And yet, nothing could be more irresponsible. To essentially ignore the health, education and public safety of nearly…